Question

NOV2020
Question 4 of 26
2 points
If average fixed cost is Rs. 40 and average
variable cost is Rs.80 for an output level of 10,
the the total cost is
​

Answer 1

Answer:

ANSWER

(i) AFC (of fourth unit)=Rs.20;

Note: This is because, TC=TFC+TVC and thus in 1st Unit, 80(TC)=80(TFC)+0(TVC).

(ii) AVC (of fourth unit)=Rs.19;

Note: This is because, AVC=

Q

TC

and thus in 4th Unit, 19(AVC)=

4(Q)

156(TC)

(iii) Marginal cost (of fourth unit)=Rs.16

Note: This is because, MC=TC

(

n+1)−TC

n

and thus in 4th Unit, 16(MC)=156(TC

(

n+1))−140(TC

n

)

Answered By me

Answer 2

Answer:

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Step-by-step explanation:

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